Lyft, Inc. (NASDAQ:LYFT) shares tanked on Wednesday, despite reporting a statistically record-breaking fourth quarter.
Lyft’s CEO David Risher openly questioned the disconnect between corporate performance and investor expectations in an appearance on CNBC’s “Squawk Box” on Wednesday morning.
- LYFT stock is slipping. See the chart and price action here.
The Record Disconnect
When pressed on why the stock plummeted despite positive headlines, Risher’s response was animated.
“What do they want? Tell me about it! … Look, I don’t know,” Risher said, referring to Lyft shareholders.
He pointed to a trifecta of milestones that usually satisfy Wall Street:
- Record Bookings: Reaching an all-time high of $5.1 billion.
- Record Profits: Reporting a net income of $2.8 …